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Ansh Shivhare
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📌 Grayscale Bitcoin Trust ETF outflows exceed $21 billion in under 12 months.
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📌 Bybit hackers successfully laundered all 499,000 $ETH in just 10 days, primarily using THORChain, which generated $5.5M in fees for the protocol.
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🚨 Big move in the crypto ETF space! 🚨 Nasdaq has officially filed a 19b-4 on behalf of Grayscale’s Spot Hedera (HBAR) ETF. If approved, this would mark the first-ever spot HBAR ETF, bringing more institutional access to Hedera’s ecosystem. What does this mean for Hedera and the broader crypto market? 🧵👇 1/ What’s a 19b-4? A rule change proposal that exchanges (like Nasdaq) file with the SEC to list new products. It’s a crucial step toward ETF approval, but not the final one. 2/ Why is this important? Grayscale is doubling down on expanding crypto ETFs after its success with GBTC. A spot HBAR ETF could bring fresh institutional demand. More legitimacy & exposure for Hedera’s enterprise-focused blockchain. 3/ What’s next? The SEC will review and either approve, deny, or delay. Expect months of back-and-forth before a final decision. If this gets approved, HBAR could see massive adoption. Bullish or skeptical? Let’s discuss. 🔥👇
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